The Interchange: Square-Up on Bitcoin

InstitutionalOctober 8, 2020, 9:22PM EDT
UPDATED: March 9, 2022, 5:12PM EST
The Interchange: Square-Up on Bitcoin
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It wasn't that long ago that many, myself included, laughed at the idea of a large financial institution holding bitcoin on its balance sheet — at least by the start of this decade. 

And yet here we are, a financial services company that has a larger market value than Goldman Sachs and Morgan Stanley, and soon to be a bank itself (Square Financial Services), now holds ~5000 Bitcoins (currently worth $50 million) on its balance sheet.

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